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Nov 26, 2012
11/12
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expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without boosting tax rates. >> we have been responsible as we remain firm on this point. no tax increases now for promised spending cuts that won't materialize later. the american people have seen that game before. they won't be fooled again. >> the top republican on the senate budget chel explained the g.o.p. plan to bring in mo
expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the...
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Nov 27, 2012
11/12
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i have a problem on the emphasis on taxes and re-knews. that is all we have had a discussion of at this point. the way to solve our long-term debt issues as everybody in this entire town knows is by reforming entitlements. there has been so little discussion of reforming entitlement to this point, very little of it in public. back when they had negotiations the first time, the president wouldn't put anything out on paper. now you're having calls from senior democrats in both the house and the senate saying basically entitlements are off the table. we are not doing entitlement. the president at some point, serious about a deal needs to set aside his campaigning on tax issues. and get serious about entitlement issue. >> one prominent democrat did talk about entitlement issues back in 2010. pretty extensively. >> the major driver of our long-term liabilities, everybody here knows, is medicare and medicaid and the healthcare sending. nothing comes close. social security we could probably fix the same way tip o'neil and ronald reagan sat down t
i have a problem on the emphasis on taxes and re-knews. that is all we have had a discussion of at this point. the way to solve our long-term debt issues as everybody in this entire town knows is by reforming entitlements. there has been so little discussion of reforming entitlement to this point, very little of it in public. back when they had negotiations the first time, the president wouldn't put anything out on paper. now you're having calls from senior democrats in both the house and the...
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Nov 24, 2012
11/12
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a big republican turns his back on the grover norquist tax pledge. is the gop preparing to give in to the president? is and thousands of people packing into stores today. watch your wallet. we'll tell you how the shopping season is really adding up. let's go "outfront." >>> good evening. i'm tom foreman. egypt erupts. thousands of angry egyptians have been protesting in opposition to a controversial power grabby egypt's president. at least 80 people have been injured and one killed in clashes with police who fired tear gas into the crowds. the unrest began after he issued a series of orders which allow him to run the country unchecked until a new constitution is written. morsi says his actions are meant to speed up reform and achieve political and social stability. >> translator: i have said beforened i repeat again, that i would never use a legislation against individuals, parties, men, women or muslims or christians for personal gains and to settle scores. >> now, this is all very problematic for the white house. just two days ago, president obama
a big republican turns his back on the grover norquist tax pledge. is the gop preparing to give in to the president? is and thousands of people packing into stores today. watch your wallet. we'll tell you how the shopping season is really adding up. let's go "outfront." >>> good evening. i'm tom foreman. egypt erupts. thousands of angry egyptians have been protesting in opposition to a controversial power grabby egypt's president. at least 80 people have been injured and one...
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Nov 26, 2012
11/12
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KPIX
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vowing to raise taxes on the wealthy. another republican saxby chambliss of georgia, in a recent interview, says he's no longer bound by a pledge not to raise taxes. >> the pledge i signed 20 years ago was valid then. it's valid now but times have changed significantly, and i care more about this country than i do about a 20-year-old pledge. >> reporter: but raising taxes is only one-half of a deficit deal. republicans want democrats to raise the eligibility age for medicare. >> i want entitlement reforms. republicans put revenue on the table, democrats always promise to cut spending. i'm looking for more revenue for entitlement reform before the end of the year. >> reporter: so far democrats sound lex flexible. >> we've got to make sure there is seamless coverage of afordable health coverage for every american. my concern about raising the retirement age gaps in coverage or coverage that's way too expensive for seniors to purchase. >> reporter: there are many potential cliffs but higher taxes for structural changes for m
vowing to raise taxes on the wealthy. another republican saxby chambliss of georgia, in a recent interview, says he's no longer bound by a pledge not to raise taxes. >> the pledge i signed 20 years ago was valid then. it's valid now but times have changed significantly, and i care more about this country than i do about a 20-year-old pledge. >> reporter: but raising taxes is only one-half of a deficit deal. republicans want democrats to raise the eligibility age for medicare....
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Nov 25, 2012
11/12
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. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program, but give it solvency for more and more years. >> reporter: a source with engine of knowledge -- with knowledge of the negotiation says there is no dat
. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come...
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Nov 28, 2012
11/12
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around is the gas tax. people assume that the money when they pay at the pump and goes into the highway trust fund it will be used to build roads and bridges to maintain. that is popular thing. people think we need that. so to me it is deceptive to load the extravagance of the obama administration to be paid off by people paying a gas tax. melissa: yeah. >> they did it, probably didn't know this. they did it in 1990. did in 1993. about a nickel increase each time. at that time almost doubled the gas tax. melissa: so incredibly gressive. hits the exact people they talk about protecting and that democrats talk about protecting last election. it goes right after, it hits the middle class and lower income people the hardest of course because it is incredibly regressive. let me ask you, i feel like today when i was hearing talk about trying to close this gap we're looking under every oke for more money and more tax revenue. doesn't seem like we're cutting spending very much s that the right impression. >> keep i
around is the gas tax. people assume that the money when they pay at the pump and goes into the highway trust fund it will be used to build roads and bridges to maintain. that is popular thing. people think we need that. so to me it is deceptive to load the extravagance of the obama administration to be paid off by people paying a gas tax. melissa: yeah. >> they did it, probably didn't know this. they did it in 1990. did in 1993. about a nickel increase each time. at that time almost...
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Nov 26, 2012
11/12
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tax issue. if you are a small business owner and you have a gadget to sell out of your garage and you work hard, you don't the money to comply with the different state laws across the country. whatever you call them. >> bob: we are not alone. a lot of republican governors are for taxing the internet. >> eric: in new jersey, i believe you don't pay sales tax on clothes. add sales tax on clothes there? >> brian: absolutely. >> eric: that is because you're from new york. >> dana: it should be fair. should you tax food? chocolate or not? it goes on and on. >> bob: if you talk about fair, how is it fair that people that go to the brick and mortar stores that pay taxes and other people on the internet don't. >> dana: we will explain it in the break. we have to go. major power grab in egypt. susan rice blames the intel community. the anti-muslim video that we talk, he will speak for the first time. the foreign policy roundup is next. in [ male announcer ] are you considering a new medicare plan? then y
tax issue. if you are a small business owner and you have a gadget to sell out of your garage and you work hard, you don't the money to comply with the different state laws across the country. whatever you call them. >> bob: we are not alone. a lot of republican governors are for taxing the internet. >> eric: in new jersey, i believe you don't pay sales tax on clothes. add sales tax on clothes there? >> brian: absolutely. >> eric: that is because you're from new york....
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Nov 28, 2012
11/12
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whether it's 3r079 tax, income tax. they are saying you may have to leave because businesses are leaving. if you own a home and you have a job in one of these states you could get transferred out. there is a likelihood your company would leave. megyn: how soon do they predict the doomsday scenario. >> reporter: there isn't a time horizon. but if you look at the pension crisis in california and new york you see things starting to come to a head. you look -- there are towns in california that have gone bankrupt that are now not paying out, and this is becoming a huge issue in court how they will handle this going forward. we see a lot of these problems coming to a head and you don't know how it will play out over time. they are saying staley kid, stay mobile. don't own muni bonds. megyn: never say muni bonds on "america live" ever. my viewers get it but i don't get it. it has something to do with government that may pay money or may not. >> reporter: can i say "money" with melissa francis? megyn: see you tonight. fbn. har
whether it's 3r079 tax, income tax. they are saying you may have to leave because businesses are leaving. if you own a home and you have a job in one of these states you could get transferred out. there is a likelihood your company would leave. megyn: how soon do they predict the doomsday scenario. >> reporter: there isn't a time horizon. but if you look at the pension crisis in california and new york you see things starting to come to a head. you look -- there are towns in california...
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Nov 24, 2012
11/12
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the democrats have said we're not until you raise taxes. both sides are going to have to make a deal in the spring and it's going to involve everybody. >> let me ask you this, douglas. norquist said a number of times in defense of his position, look, what's wrong with saying to a politician, when you want my vote and you make a promise, you should keep that promise. what's wrong with saying that to either side about any topic? >> so, i think that there's nothing wrong with that. this is about making political commitments, something politicians have to and should do. my own preference is not written pledges, but in fact, people who say this is what i believe and follow through on it. i think one thing it did do is focus its attention, which is still under discuss. we have an enormous spending problem, it's about entitlement problem. what the president was forced some recognition that the threshold decision is to spend the money. >> ethan, your reaction to this whole idea that norquist keeps saying, it's about taxes for him, but also about po
the democrats have said we're not until you raise taxes. both sides are going to have to make a deal in the spring and it's going to involve everybody. >> let me ask you this, douglas. norquist said a number of times in defense of his position, look, what's wrong with saying to a politician, when you want my vote and you make a promise, you should keep that promise. what's wrong with saying that to either side about any topic? >> so, i think that there's nothing wrong with that....
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Nov 29, 2012
11/12
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. >> there is a lot to be said for a wealth tax and especially a concrete wealth tax. >> bill: far left beginning to push for wealth tax that means the feds would confiscate private property. this is being kept very quiet but tonight you will hear all about it? >> gay marriage or accepting immigrants. >> you are absolutely right. they don't want to believe it's time to change it. >> rhode island governor chafee saying he will not save christmas because the times are a changing. we sent jesse wawfortsz -- watters up to rhode island to find out what the heck is going on. >> isn't it discriminating against christians by calling it a holiday tree? >> caution. you are about to enter the no spin zone. the factor begins right now. >> bill: i'm bill o'reilly, thanks for watching us tonight. america need leaders. in order to turn the country around -- and boy do we need that -- good leadership will have to step up. that means politicians who put you ahead of their own welfare. elected officials who are honest, intelligent and daring. we need that kind of leadership. it's one of the reasons i wro
. >> there is a lot to be said for a wealth tax and especially a concrete wealth tax. >> bill: far left beginning to push for wealth tax that means the feds would confiscate private property. this is being kept very quiet but tonight you will hear all about it? >> gay marriage or accepting immigrants. >> you are absolutely right. they don't want to believe it's time to change it. >> rhode island governor chafee saying he will not save christmas because the times...
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Nov 21, 2012
11/12
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KNTV
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according to tax filings, royalties brought in nearly $45 million in 2009. >> whenever there's an attack on a much loved brand, there's a lot of outpouring of support as a result, almost as if the public is lining up behind the brand saying, hey, we're with you. >> reporter: for clash, it's the end of a storied career with a show he described lovingly just months ago. >> i think it's so wonderful to be part of a show that really starts a child, helps with the parent. >> reporter: today in a statement, clash said he was resigning with a very heavy heart. and hopes to resolve these personal matters privately. in the meantime, sesame street says production of its 43rd season will not be affected. chris jansing, nbc news, new york. >>> there are late new developments tonight in the house explosion in indianapolis that left two people in a neighboring house dead, and the entire neighborhood area in ruins. law enforcement sources told the indianapolis star they believe gas was intentionally released into the house, and the spark somehow remotely triggered that led to the blast. search warrants
according to tax filings, royalties brought in nearly $45 million in 2009. >> whenever there's an attack on a much loved brand, there's a lot of outpouring of support as a result, almost as if the public is lining up behind the brand saying, hey, we're with you. >> reporter: for clash, it's the end of a storied career with a show he described lovingly just months ago. >> i think it's so wonderful to be part of a show that really starts a child, helps with the parent. >>...
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Nov 25, 2012
11/12
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well, it's a $7 trillion mix of spending cuts and tax hikes. that is one of the biggest domestic problems facing the u.s., and the fiscal cliff is so critical that some economists worry it could throw the country back into a recession if congress and the obama administration just can't make a deal. for many americans, the idea of a fiscal cliff is a hard one to wrap their brain around, but my next guest says the brain may be exactly what is needed get washington out of this whole mess. he is david rock, co-founder and author of "your brain at work." good morning. >> good morning to you, radi, good to be here with you. >> i have a lot to get through with you, but you say that our brains are inherently wired to categorize other people in one of two ways. in groups and out groups. can you explain what that means? >> absolutely. it's an inle function, and we see it in many other animals, including mammals as well. it's not just an american thing or western thing. it's very much a part of who we are, to decide if everyone we're speaking to is on our
well, it's a $7 trillion mix of spending cuts and tax hikes. that is one of the biggest domestic problems facing the u.s., and the fiscal cliff is so critical that some economists worry it could throw the country back into a recession if congress and the obama administration just can't make a deal. for many americans, the idea of a fiscal cliff is a hard one to wrap their brain around, but my next guest says the brain may be exactly what is needed get washington out of this whole mess. he is...
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Nov 24, 2012
11/12
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tax loopholes. speaker boehner says i'm willing to break it and do the latter on deductions and exemptions and saxby chambliss the senator said it's time to ditch grover and his pledge, is it? >> all bets are off. i mean, listen, we're in a mess and all bets are off and we shouldn't be held to political organizations that are influencing our elections in terms of getting this mess taken care of, but you know, listen, i have a novel idea for the president. why doesn't he public size an itemized list of his spending cuts he's prepared to put on the table before asking american people to pay taxes. i mean, it's simple. when you have a credit card debt and you don't ask other people to pay for it or you don't borrow money to pay the interest on it, you make hard choices on your discretionary spending from a weekly basis or a monthly basis, this is just a business that's been run poorly and it's-- >> would you agree the president doesn't have a terribly good track record when it comes for proposals for b
tax loopholes. speaker boehner says i'm willing to break it and do the latter on deductions and exemptions and saxby chambliss the senator said it's time to ditch grover and his pledge, is it? >> all bets are off. i mean, listen, we're in a mess and all bets are off and we shouldn't be held to political organizations that are influencing our elections in terms of getting this mess taken care of, but you know, listen, i have a novel idea for the president. why doesn't he public size an...
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Nov 23, 2012
11/12
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obamacare aboutsed more two years ago, unfolds in january with new taxes and exchanges ready in october 2013. analysts, however, say the federal government is way behind. >> there wasn't a lot of thought given to obamacare by a single entity making sure the pieces fit together. it was put together by a bunch of special interests and that's why you get this goldberg contraction. >> and just this week the administration finally laid out what it called essential benefits something that insurance companies must have to structure and price their health care plans. the administration is pressing its luck though, because insurance companies normally need more time than the few months left. >> if they're going to stand this up in 11 months, they are pretty close to the wire of having run out of time to do it. >> what it typically takes anywhere from a year to year and a half for an insurance company to develop new policies, get them approved by regulators and develop all the materials needed to sell them to consumers. >> many other parts of the new law, however, have not been completed. in addi
obamacare aboutsed more two years ago, unfolds in january with new taxes and exchanges ready in october 2013. analysts, however, say the federal government is way behind. >> there wasn't a lot of thought given to obamacare by a single entity making sure the pieces fit together. it was put together by a bunch of special interests and that's why you get this goldberg contraction. >> and just this week the administration finally laid out what it called essential benefits something that...
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Nov 24, 2012
11/12
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let's hope that the tax situation doesn't get out of control and hope all of the negative things that could happen don't happen, but if they do happen, you're right, arthel, get ready because january and february are going to be rough months out there. >> arthel: well, we hope it doesn't come to that. we want everyone to have a, you know, good income and et cetera. and by the way, as someone told me you have pretty deep pockets if you want to buy me a christmas gift, no problem. (laughter) >> i already did. that's what i've done all weekend. >> arthel: good answers, ed butowsk butowsky. >> rick: you let me know if he sends you something. >> arthel: i will. >> rick: and new concerns over a sweeping new power grab from the president of egypt. how should the u.s. react? a fair and balanced look is ahead. >> plus a look at the hottest toys on the market right now. there's some of them. find out what is sure to make you a big hit with the little ones this-- that's cute, this holiday season. can't wait to see that one. al, sven gets great rewards for his small business! how does this thing
let's hope that the tax situation doesn't get out of control and hope all of the negative things that could happen don't happen, but if they do happen, you're right, arthel, get ready because january and february are going to be rough months out there. >> arthel: well, we hope it doesn't come to that. we want everyone to have a, you know, good income and et cetera. and by the way, as someone told me you have pretty deep pockets if you want to buy me a christmas gift, no problem....
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Nov 23, 2012
11/12
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CNNW
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. that's her "huge savings" face. yeah. don't worry, i get it all the time. [ male announcer ] we guarantee our low prices. even our black friday prices are backed by ad match. the first and only place to go this black friday. walmart. ♪ you make me happy [ female announcer ] choose the same brand your mom trusted for you. children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. >>> an out of this world thanksgiving meal, turkey and all the fixings, served to the crew aboard the international space station. nasa says the dinner included such space worthy foods as irrateiated smoked turkey and thermostabiliz thermosta
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. that's her "huge savings" face. yeah. don't worry, i get it all the time. [ male...
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Nov 26, 2012
11/12
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. >> they have to go up either real tax rates or effective tax rates. second we have to close significant loopholes. jon: bret baier is the anchor of special report. maybe we can get an explanation from you. the republicans are talking about raising revenue but not raising tax rates. how do they do that? >> reporter: basically they close tax loopholes, they put a cap on deductions. in other words for high income earners let's say the cap was $50,000 you would take in deductions, they don't specify what specific deductions it would be but that is the cap of tax deductions you could take and there by after that point you don't get any more deductions, so the amount of taxes you pay goes up. now this is not new, jon, this is what really mitt romney and paul ryan were running on, as they talked about it they got hammered again and again for not being specific on what tax deductions and loopholes were going to close. but this was the line for the republican standard bearer, the candidate. so when you hear these senators and congressmen talking about that and
. >> they have to go up either real tax rates or effective tax rates. second we have to close significant loopholes. jon: bret baier is the anchor of special report. maybe we can get an explanation from you. the republicans are talking about raising revenue but not raising tax rates. how do they do that? >> reporter: basically they close tax loopholes, they put a cap on deductions. in other words for high income earners let's say the cap was $50,000 you would take in deductions,...
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Nov 21, 2012
11/12
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they tax everything that goes through, nobody can dig a tunnel, operate a tunnel, without paying taxes officially or unofficially so there's a feeling that hamas is in a sense turned gaza into its own business. >> do people know where all the rocket batteries are? do people know where hamas is? we ourselves are trying to figure out well, is there hamas in a building where we are, there might be a strike. do people know everything about the locations of hamas installations? >> you have to keep in mind gaza's a small place. 1.5, 1.7 million people. everybody, everybody here seems to know everybody else and know who their family is and what their family background is. so people have a good idea of who is hamas and who isn't. on the other hand, they do sort of move in this society, they're not strangers. they're palestinians, they're gazans like everybody else. they do have an ability to sort of slip around and not be -- and sort of conceal their identity. but people are very aware of sort of everyone's basic inclinations. >> it's interesting, because when you talk to israeli officials lik
they tax everything that goes through, nobody can dig a tunnel, operate a tunnel, without paying taxes officially or unofficially so there's a feeling that hamas is in a sense turned gaza into its own business. >> do people know where all the rocket batteries are? do people know where hamas is? we ourselves are trying to figure out well, is there hamas in a building where we are, there might be a strike. do people know everything about the locations of hamas installations? >> you...
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Nov 22, 2012
11/12
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we'll raise taxes on people that can afford it. that what's we throats voatd on and democrats came out on top on that. >> it many parts of the negotiation. rick: a very interesting discussion. i would love to have you back on. they have to come up with a deal by new year's eve. thank you both. heather: the daughter of a soldier hard sat work in dance class when she gets the surprise of a lifetime. a heartwarming story on that coming up. rick: you are probably getting ready for a little turkey and stuffing and apple pie. unfortunately those thanksgiving favorites can take a toll on your body. but don't worry. we have great tips to make your holiday a little healthier. >> i would like to give my family a happy thanksgiving, greetings. hi, brayden, mommy lowstles. hi, whom, i'll talk to you guys later. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio
we'll raise taxes on people that can afford it. that what's we throats voatd on and democrats came out on top on that. >> it many parts of the negotiation. rick: a very interesting discussion. i would love to have you back on. they have to come up with a deal by new year's eve. thank you both. heather: the daughter of a soldier hard sat work in dance class when she gets the surprise of a lifetime. a heartwarming story on that coming up. rick: you are probably getting ready for a little...
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Nov 22, 2012
11/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. gregg: there it is, here comes santa claus right down santa claus lane. the first time of fifth avenue, lining the streets, the music is filling the air. this is the 86th annual macy's thanksgiving day parade. a late start of the to the morning, but as you can see, macy's welcoming newcomers through a lineup of giant balloons this year, including elf on a shelf and papa smurf. wow, that is a big santa. it looks like he has already had a turkey or two this morning. speak to the family of a missing soldier making a desperate search for their daughter and sister's disappearance. kelly bordeaux, here is her picture, she vanished after a night out back in april. the search for the 23-year
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. gregg: there it is, here comes santa claus right down santa claus lane. the first time of...
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Nov 21, 2012
11/12
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if this deal happens, you will see taxes go up on 90% of americans. for example, 20 or 30,000 dollars, they would go from receiving money under the earned income tax credit to only $1500. that is just the beginning. unemployment, people have to pay higher taxes in terms of that, this could be a problem for working and middle-class people. jon: back could explain why her people like john boehner say that mr. president, he won the election, it's time for you to lead well. >> we have to face reality that the american people gave the president a do over. the house and the senate, the same position we were in two months ago. the american people may have given the government a do over, but they don't expect a status quo. they want decisions to be made in a bipartisan manner. republicans are willing to meet the president halfway. but he is the leader of the country and it's up to him to propose a plan. it is up to him to provide negotiations and coalesce the deal. a deal can be made and all parties have to come together. we have to give up some revenue. they
if this deal happens, you will see taxes go up on 90% of americans. for example, 20 or 30,000 dollars, they would go from receiving money under the earned income tax credit to only $1500. that is just the beginning. unemployment, people have to pay higher taxes in terms of that, this could be a problem for working and middle-class people. jon: back could explain why her people like john boehner say that mr. president, he won the election, it's time for you to lead well. >> we have to face...
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Nov 24, 2012
11/12
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among other things, you're saying taxes should go-- in other words, the bush tax cuts should be allowed to expire on everyone under $500,000. which is more than what the president is saying. he's saying it ought to be at 250. yet difference? and have you tukd him about that? >> sure, yeah, yeah, it was over 500, not under 500. yeah, i-- that position, judy, is one that i put on the table a year ago. and i'll tell you why. there isn't anything sort of theological about the $500,000 number. it's just a compromise. the democrats' position has been tax cuts to expire over 250. the republicans' position has been make all the tax cuts permanent. so a year ago i put a of a compromise on the table. if that compromise were accepted, it would raise $500 billion in revenue over the next 10 years, which would take the potential trillion-dollar sequester and cut it in half. and there arar a couple of other steps i put on the table during the campaign as well that would reduce the need to find savings that would shred the safety net or hurt the economy. i am really heartened by the of discussion that
among other things, you're saying taxes should go-- in other words, the bush tax cuts should be allowed to expire on everyone under $500,000. which is more than what the president is saying. he's saying it ought to be at 250. yet difference? and have you tukd him about that? >> sure, yeah, yeah, it was over 500, not under 500. yeah, i-- that position, judy, is one that i put on the table a year ago. and i'll tell you why. there isn't anything sort of theological about the $500,000 number....
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Nov 29, 2012
11/12
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CNBC
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anything above $2,500 will be taxed and the rest will be taxed. they are going to be playing $10,000, $12,000 more per year taxable rate to get their kids per school. >> and they're always talking about how the republicans want to destroy the study for autism. but here it is black and white in the obama. we appreciate it. it's great to see you. >> thanks for having me. >> now to the lottery frenzy. there's already a winner in this game. the government. not good. we're going to explain when "the kudlow report" comes right back. >>> if everything on the fiscal side caves, what incentive is there for tax reform in 20 13? >> ups believes congress does need to move very quickly to get this done. >> there are going to be many moments when it seems like there's a deal and then there are people who fight the deal, which is why we have been featuring the notion of rising above. >> all sides could lose if an agreement isn't arrived upon. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all
anything above $2,500 will be taxed and the rest will be taxed. they are going to be playing $10,000, $12,000 more per year taxable rate to get their kids per school. >> and they're always talking about how the republicans want to destroy the study for autism. but here it is black and white in the obama. we appreciate it. it's great to see you. >> thanks for having me. >> now to the lottery frenzy. there's already a winner in this game. the government. not good. we're going to...
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Nov 21, 2012
11/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> a frightening moment for this woman walking her dog in israel when she heard the warning that a rocket was headed for her neighborhood. she shot this video as she took cover. [ bleep ] . >> you can hear those explosions in the distance, right? she is a teacher in israel, lives about a mile from the gaza border. even though classes are canceled and the children have been evacuated, she has chosen to stay home to take care of her dogs. she joins us now via skype. good morning. >> good morning. >> i guess it's afternoon there. so good afternoon. before we get to your personal story, i'm sure you've heard by now about the bus attack in tel aviv. i just wanted to get your thoughts on
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> a frightening moment for this woman walking her dog in israel when she heard...
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Nov 27, 2012
11/12
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FBC
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especially the division of the tax revenue. i think the bigger picture the when will spain formally ask for aid? many people thought it would take place already. ashley: yeah. >> my best guess doesn't take place until later q1 next year when the spain has record refinancing it has to do. that is when a weak economy, interest rates rising, they have to sell more paper. that is when they're forced to get --. ashley: get that money. yeah. quickly with the fiscal cliff, what impact if any does it have on the dollar? >> on the short run probably nothing. as we're watching it, i think people are a bit hesitant getting too long the dollar. in this case too short of the euro. i think in the bigger picture i see a win-win situation for the dollar. we go over the fiscal cliff, bad news. ashley: yeah. >> world's biggest economy headed for another recession. i think dollar benefits as a safe haven currency. we avoid going over the fiscal cliff or go over the fiscal cliff for short period of time people focus on the u.s. for a bit because e
especially the division of the tax revenue. i think the bigger picture the when will spain formally ask for aid? many people thought it would take place already. ashley: yeah. >> my best guess doesn't take place until later q1 next year when the spain has record refinancing it has to do. that is when a weak economy, interest rates rising, they have to sell more paper. that is when they're forced to get --. ashley: get that money. yeah. quickly with the fiscal cliff, what impact if any...
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Nov 25, 2012
11/12
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it's the 2% we don't agree on, and the republicans could hold up tax release for 98% of americans. i think the public also needs to know that what's happening in the congo is a humanitarian crisis, almost going to be at the tipping point and it's one of the most desperate places in the world and these people in camps are on the road and there will be great death and disease there and we need to contribute to the red cross and others to help the people in goma and in the eastern congo and that the grizzlies are the best team in basketball. >> you really touched all the bases there. katrina? >> people need to know we have come one step closer to ending the ineffective and inhumane drug wars in this country with the initiatives that passed in washington and colorado on november 6. al also, the war on drugs affects disproportionately african-americans and latinos and it's failed. >> what they're setting up there, the regulatory system -- >> people should know as the justice department and cia write a policy that was supposed to endoris the drone targeting, china has developed their own
it's the 2% we don't agree on, and the republicans could hold up tax release for 98% of americans. i think the public also needs to know that what's happening in the congo is a humanitarian crisis, almost going to be at the tipping point and it's one of the most desperate places in the world and these people in camps are on the road and there will be great death and disease there and we need to contribute to the red cross and others to help the people in goma and in the eastern congo and that...
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Nov 29, 2012
11/12
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own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes $20 million a year ceos from these corporations, and continue to spread the hysteria and--and if their plan goes through the austerity plan, they and their company and their bonuses are actually the only thing that is going to improve in this economy. >> eliot: as they have over the past couple of years. income disparity is worse and worse and incomes are going up. lloyd blankfein telling people that they people should not expect to work for 25 years and then retire for 30. i don't think he understands what social security is all about. >>> the hispanic caucus said no today on a repub
own taxes. it's a sham and they ought to be rolled out of town if people understand what they were talking about. >> if people are worried about how they're going to take care of the homeless, how schools will be able to accommodate 30 kids in the class rom how people will be able to make ends meet when unemployment disappears. they can't be here. they can't afford it. they come here and write it off in their taxes $20 million a year ceos from these corporations, and continue to spread...
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Nov 24, 2012
11/12
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FBC
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some say i want to make more taxes and do not raise taxes. [talking over each other] >> walgreen's is saying we want to make investments to create jobs. what you guys in washington d.c. are going to do, what is coming down the road from you and we had this debate about john boehner basically saying we got to put obamacare -- [talking over each other] liz: putting obamacare into the fiscal cliff negotiations so for two large drugstore chains to say you got to get going. gerri: interesting to see if he derail everything. liz: they have a seat at the table. is not political. it seems to me when you read what they say it is not like they are saying we want a voice in what is going on. there saying our customers are concerned. of course it is a revenue problem. shoppers and consumers are not coming in because they're worried about the fiscal cliff. gerri: all singing the with one voice. interesting to see if anybody hears that. thanks for coming on. appreciate it. guess what else has joined the fiscal liftoff? the federal gas tax, special interest
some say i want to make more taxes and do not raise taxes. [talking over each other] >> walgreen's is saying we want to make investments to create jobs. what you guys in washington d.c. are going to do, what is coming down the road from you and we had this debate about john boehner basically saying we got to put obamacare -- [talking over each other] liz: putting obamacare into the fiscal cliff negotiations so for two large drugstore chains to say you got to get going. gerri: interesting...
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Nov 21, 2012
11/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. then you may be looking for help in choosing the right plan for your needs. so don't wait....
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Nov 28, 2012
11/12
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did the comprehensive tax reform. clinton, welfare reform and balanced the budget for multiple years in the late 1990's. this is the perfect time to solve single biggest problem confronting our country and we are anxious to sit down and get the job done. \[inaudible question] >> dick durbin says as talks continue on of this booklet democrats must be open to painful topics, including medicare and medicaid. he was at the center for american progress for about 45 minutes. >> good morning, everyone. thank you for being here. i am the president of the center for american progress. we are thrilled to have senator durbin here today to talk about his views on the fiscal cliff. as we engage in this debate, i wanted to lay out a few principles that are critical as washington becomes obsessed with this set of issues. the elections have consequences. at c.a.p., we have argued that the issues that are really framing the fiscal debate and fiscal cliff were ones that were litigated in the election context. the president did not have
did the comprehensive tax reform. clinton, welfare reform and balanced the budget for multiple years in the late 1990's. this is the perfect time to solve single biggest problem confronting our country and we are anxious to sit down and get the job done. \[inaudible question] >> dick durbin says as talks continue on of this booklet democrats must be open to painful topics, including medicare and medicaid. he was at the center for american progress for about 45 minutes. >> good...
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Nov 25, 2012
11/12
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taxes, jobs. on the sequester, we feel like we have done great work in states to improve and medicaid and medicare. but we love to be part of a conversation about how to do that at the federal level. >> mary kay henry, president of seiu. thank you for being our newsmaker. themselves more known as wereads here. the seiu, other labor groups had a meeting with president obama last week. can you gather what is talked about regarding the fiscal cliff? >> for what mary was saying, it really seemed like revenue was going to be a part of it. they are trying to stick from to the $250,000 threshold of the tax cuts. that is different from what happened in the 2010 lame-duck, when president obama compromised. it seems the approach is different this time. they're not going to cave on revenue. the republicans will really have to make some concessions on revenue in order for democrats to come to the table with any entitlement cuts at all. >> i thought she was very good at sticking to that talking point of preven
taxes, jobs. on the sequester, we feel like we have done great work in states to improve and medicaid and medicare. but we love to be part of a conversation about how to do that at the federal level. >> mary kay henry, president of seiu. thank you for being our newsmaker. themselves more known as wereads here. the seiu, other labor groups had a meeting with president obama last week. can you gather what is talked about regarding the fiscal cliff? >> for what mary was saying, it...
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Nov 22, 2012
11/12
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it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone who works really hard, an entrepreneur works really hard. you're talking about the people who initially are going to get, teresa heinz kerry, warren buffett, people who have massive amounts of money. they're hit the hardest, right? >> absolutely. the proposal i wrote had an exemption for households up to $500,000 in wealth that, is exempting 80% of american households right there. >> how did you draw that line? i can imagine there is all kinds of cheating that is going to happen around that line. or even on the bentley. people are go
it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone...
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Nov 21, 2012
11/12
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if you get rid of a tax loophole, that's raising taxes. he sent a letter to tom cobuln and said you can't do that because when you eliminate a tax loophole that's eliminating taxes and tom coburn sent a letter back sending him to pound sand and we need -- and i think representative ellison knows this better than i do. there are good republicans out there. >> no doubt. >> who i believe are not going to take the lead of this delaying and ofiscating leadership. you can name some of the house i'm sure, keith. so we've got to be willing to move this country ahead and know that that means entitlement cuts, spending cuts, and increasing revenues. >> they are not only good republicans, they are good politicians because when you look at grover's losers, candidates who sign, there's no type of pledge. so many lost. 24 republicans for the senate, 55 republicans for the house to sign that pledge lost. it doesn't even make good political sense anymore. >> you know, reverend, can i just add, i think when you call on members of congress to do right by th
if you get rid of a tax loophole, that's raising taxes. he sent a letter to tom cobuln and said you can't do that because when you eliminate a tax loophole that's eliminating taxes and tom coburn sent a letter back sending him to pound sand and we need -- and i think representative ellison knows this better than i do. there are good republicans out there. >> no doubt. >> who i believe are not going to take the lead of this delaying and ofiscating leadership. you can name some of the...
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Nov 29, 2012
11/12
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taxes will go higher. you're also talking about the possibility of a much slower economy. and how does that impact earnings in 2013? let's say hypothetically we go off the fiscal cliff because clearly both sides are digging in. here we are at the edge once again like last summer. we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy stocks that are growing at 20% a year at ten times earnings, that's a good valuation. there are a number of those situations there that we're seeing left and right. >> got to go, guys. >> okay. >> sorry, jeff. you know how that works. you guys on t
taxes will go higher. you're also talking about the possibility of a much slower economy. and how does that impact earnings in 2013? let's say hypothetically we go off the fiscal cliff because clearly both sides are digging in. here we are at the edge once again like last summer. we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would...
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Nov 21, 2012
11/12
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no change in tax rates. so it is not a flat tax reform but no increase in marginal tax rates. can you and your pledge, with the pledge be okay with the bay nor plan to increase revenues by capping deductions? he has not endorsed raising taxes nor did he a year ago. if you eliminate deductions now, you have destroyed the opportunity for tarx reform a year ago. they are not available to reduce tax rates. >> so you are opposed to it. it is bad for the economy and it destroyed our effort to get tax reform down the road. >> i have talked to staff and remembers and they don't need to hear it from me, they know that lower marginal tax rates are necessary for growth and the only way to get the revenue to pay down obama's debt. >> help me out, in effect, is the plan to put a cap on deductions, does his plan break the americans for tax reform no-tax pledge? >> to be clear. john boehner has not said that. he says he is for revenues from growth. i'm for that. that is a tax increase that is what obama wants and it does affect the margin because they are going to attack certain income group
no change in tax rates. so it is not a flat tax reform but no increase in marginal tax rates. can you and your pledge, with the pledge be okay with the bay nor plan to increase revenues by capping deductions? he has not endorsed raising taxes nor did he a year ago. if you eliminate deductions now, you have destroyed the opportunity for tarx reform a year ago. they are not available to reduce tax rates. >> so you are opposed to it. it is bad for the economy and it destroyed our effort to...
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Nov 24, 2012
11/12
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there's other tax in the fiscal cliff and possible gas tax is not the only tax to hit the bottom line. deal or no deal, hold on to yo wallet. here with more, the senior tax policy analyst for the heritage foundation. always nice to have you on the show. let's talk about the bottom line for so many people out there, willit so many folks, % of households, almost impossible to escape and create that. >> everyone's taxes will go up on january 1st. important to point out we're talking about today which is raising taxes. that is off point. the fiscal cliff is here because we're spending tooomuch. we are the precedents of the debt crisis because we're spending too much. how we can raise tes and talk about raising the gas tax, nothing to do with cutting spending which is where we should be directing our attention. gerri: it is interesting because if you look at the reven raised by taxes and money into the federal government front door over the last few years it is returning to levels that are pre recession so we're back on track for what should be ample revenues. >> if you go back to 2007 bef
there's other tax in the fiscal cliff and possible gas tax is not the only tax to hit the bottom line. deal or no deal, hold on to yo wallet. here with more, the senior tax policy analyst for the heritage foundation. always nice to have you on the show. let's talk about the bottom line for so many people out there, willit so many folks, % of households, almost impossible to escape and create that. >> everyone's taxes will go up on january 1st. important to point out we're talking about...